Digital Entrepreneurship Dimensions and Strategies: Crowdsourcing and Digital Financing

This paper aims to investigate an agile, knowledge-based, innovative, and integrated solution for businesses, i.e., “Digital entrepreneurship”, which means creating new ventures and transforming existing businesses by developing novel digital technologies and novel usage of such technologies. On the one hand, financing the projects is unaffordable for the companies, and a crowdsourcing platform is a good way to mitigate the burden of expenditure. The Digital Entrepreneurship process is a multidisciplinary field: developing software is rooted in information systems (IS), conceptualising business models, and formulating strategy. In addition to that, digital entrepreneurship is located at the junction of knowledge, business, and institutional entrepreneurship. This complicated nature of digital entrepreneurship requires a strategy. The type of opportunities they pursue characterises the strategy of formation and sustainability for a new venture; therefore, the entrepreneurs need to select strategies to make the best position according to their resources or the attainable resources through crowdsourcing. We shed light on the importance of crowdsourcing to have a successful state-of-the-art business after reviewing the background of digital entrepreneurship, crowdsourcing, and the digital entrepreneurship strategy.